It involves the trading of currencies between different countries and is open 24 hours a day, five days a week. Forex trading is decentralized, meaning there is no central exchange or regulatory body. Instead, transactions are conducted electronically over-the-counter (OTC) through a global network of banks, financial institutions, and individual traders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. WorldtradexFX allows traders to select from a number ofplatforms for the biggest cross-section of trading preferences and levels.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Minimum deposits at Worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
What our clients say about trading with us
The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess. Worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
Furthermore, WorldtradexFX aims to enhance the trading experience for its clients through its innovative technologies. The broker offers a range of advanced trading platforms, including MetaTrader 4 and MetaTrader 5, which are known for their user-friendly interface and powerful tools. WorldtradexFX also provides a mobile trading platform, allowing traders to access the markets anytime, anywhere. WorldtradexFX is an online forex broker that provides trading services in various financial instruments, including currencies, commodities, indices, and cryptocurrencies. It offers a range of trading platforms and account types to cater to different trading styles and preferences.
- We are constantly improving our product to make your trading experience better.
- It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.
- The ED said shell firms posing as e-commerce platforms were onboarded using fake KYCs to access payment gateways and avoid detection.
- Test your bot on a free demo account, adjust it to your investment goals, and then put it into action.
Every year we improve our conditions and standards in an ongoing effort to make trading with the #1 Forex broker WorldtradexFX your best experience in the market. WorldtradexFХ ensure clear and accurate management for your funds, transparent and beneficial conditions for trading, and easy‑to‑use service for everything else where nothing distracts you from making a profit. One of the key differences between WorldtradexFX and Forex is the level of involvement. While Forex is the market itself, WorldtradexFX is a participant in that market. Worldtradex website WorldtradexFX offers trading platforms, educational resources, market analysis, and customer support that traders can utilize to make informed trading decisions.
- Raids revealed that the forex trading app routed investor funds through mule accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services.
- The global currency market is divided into four major trading sessions.
- All traders must go through a period of trial and error to become pros.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Funds of investors were disguised as online purchases, layered through multiple accounts, and ultimately disbursed as fake forex or betting payouts to obscure their origin, it said. Searches revealed that WorldtradexFX routed investor funds through mule accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services, it said. They defrauded investors under the guise of forex trading, generating over Rs 800 crore in less than a year, said the statement. The case came to light when a FIR was lodged in Pune accusing some individuals of defrauding investors by luring them with huge profits through WorldtradexFX. The investigation revealed that WorldtradexFX and WorldtradexFx India Pvt Ltd were running a foreign exchange business in India without the permission of the Reserve Bank of India.
How the global currency market works
We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier. MT4 opens with four charts by default, each representing a unique currency pair.
New instruments: XTIUSD and XBRUSD
We measure success by the cost-effective trading conditions we provide and by success stories our traders share. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. At Worldtradex, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind.
Choose your Forex trading platform
Worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the Worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
Raids revealed that the forex trading app routed investor funds through mule https://worldtradex.space/ accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services. Additionally, shell companies posing as e-commerce platforms were taken aboard using fake KYCs to access payment gateways and avoid detection. Investor funds were disguised as online purchases, layered through multiple accounts, and ultimately disbursed as fake forex or betting payouts to conceal their origin. Worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. Worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.
One-touch trading
The recent raids further uncovered that WorldtradexFX used url masking methods to disguise the identity of payment gateways and evade regulatory detection. They used misleading or generic URLs instead of directing users to clearly identifiable payment links, making it difficuly for authorities and banks to trace the transactions back to unauthorised or illicit sources. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Search operations also uncovered that WorldtradexFX used URL masking techniques to disguise the identity of payment gateways and evade regulatory detection, it said. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform.
WorldtradexFX basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on WorldtradexFX including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc. Web and mobile trading platform WorldtradexTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments.
Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage. The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers.
We are constantly improving our product to make your trading experience better. Choose from 300+ trading instruments, including shares, commodities, and indices. Instead of directing users to clearly identifiable payment links, they used misleading or generic URLs, making it difficult for authorities and banks to trace the transactions back to unauthorised or illicit sources.